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Meten EdtechX Education Group Ltd. (METX) – Don’t Be So Quick to Call it Dead

16 institutions hold shares in Meten EdtechX Education Group Ltd. (METX), with 37.64M shares held by insiders accounting for 70.64% while institutional investors hold 41.97% of the company’s shares. The shares outstanding are 53.29M, and float is at 13.20M with Short Float at 11.88%. Institutions hold 12.32% of the Float.

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The top institutional shareholder in the company is Amundi Pioneer Asset Management with over 0.52 million shares valued at $1.04 million. The investor’s holdings represent 0.98% of the METX Shares outstanding. As of Dec 30, 2020, the second largest holder is Polar Asset Management Partners Inc. with 0.12 million shares valued at $0.24 million to account for 0.22% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.1 million shares representing 0.19% and valued at over $0.2 million, while Invesco Ltd. holds 0.09% of the shares totaling 46061.0 with a market value of $92122.0.

Meten EdtechX Education Group Ltd. (NASDAQ: METX) is -1.00% lower on its value in year-to-date trading and has touched a low of $1.71 and a high of $13.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The METX stock was last observed hovering at around $1.96 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $1.98, the stock is -14.84% and -20.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.5 million and changing 1.02% at the moment leaves the stock -60.38% off its SMA200. METX registered -84.29% loss for a year compared to 6-month loss of -51.35%. The firm has a 50-day simple moving average (SMA 50) of $2.3724 and a 200-day simple moving average (SMA200) of $2.6460.

The stock witnessed a -30.28% gain in the last 1 month and extending the period to 3 months gives it a 2.59%, and is -13.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.70% over the week and 9.79% over the month.

Meten EdtechX Education Group Ltd. (METX) has around 5491 employees, a market worth around $104.50M and $102.50M in sales. Profit margin for the company is -36.50%. Distance from 52-week low is 15.81% and -84.81% from its 52-week high.

Meten EdtechX Education Group Ltd. (METX) Analyst Forecasts

The EPS is expected to shrink by -221.30% this year.

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